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With the country in the midst of a military coup, Guinea has failed to persuade a Paris court to overturn a US$25 million ICC award won by a Seychelles-based telecoms group on grounds of corruption.
07 September 2021
Sierra Leonean citizens pursuing an environmental class action against subsidiaries of Beny Steinmetz’s BSG Resources have asked a US court for discovery from the Guernsey mining company and its bankruptcy administrators.
25 August 2021
A French court has upheld a nearly €40 million ICC award won by an Israeli-owned arms company against Guinea, rejecting arguments that it violated an EU embargo on military sales.
16 April 2021
A court in Geneva has found Israeli-French billionaire Beny Steinmetz guilty of paying bribes to secure mining rights in Guinea – allegations that have also been the subject of ICSID and LCIA arbitrations.
22 January 2021
An LCIA award worth US$2 billion that made findings of corruption in a dispute over an iron-ore mining project in Guinea has become public after being submitted to the US courts for enforcement.
25 April 2019
A US$10 billion action brought against US-Hungarian philanthropist George Soros by Beny Steinmetz Group Resources has been stayed by a New York court pending the outcome of the mining group’s ICSID arbitration against Guinea.
30 November 2017
A US appeals court has refused to enforce an award against Guinea that was set aside by a West African court after the arbitrators negotiated a fee rise.
07 July 2017
The French Court of Cassation has said that a subsidiary of French group NCT Necotrans is liable to pay Guinea’s unpaid fees from their OHADA arbitration – ruling that the parties still have liability to jointly pay costs even though the institutional rules are silent on the issue.
13 February 2017
After GAR reported a failed attempt to unseat a tribunal hearing an ICSID claim against Guinea, it has emerged that the panel presided over by Gabrielle Kaufmann-Kohler was cleared by the World Bank president of violating due process and prejudging a case when it refused to make a supplementary order for the production of documents related to mining rights.
06 January 2017
A group of mining companies linked to Israeli billionaire Beny Steinmetz has failed to unseat all three members of an ICSID tribunal hearing its US$5 billion claim against Guinea over mining rights – while a multi-jurisdictional criminal investigation has led to the arrest of Steinmetz and others who have appeared as witnesses in the case.
05 January 2017
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